News

Indeed, the stock is low and the retailers are reluctant to sell premium rice because it refers to HET provisions in Indonesia

Rice
Indonesia
Market & Price Trends
Published Feb 21, 2024

Tridge summary

The scarcity of premium rice in modern retail outlets is attributed to its high price, which exceeds the government's set highest retail price (HET), reaching IDR 80,000 for a five kilogram package. This has led to retailers' reluctance to sell it. The government is encouraging the public to switch to SPHP rice from Bulog, which is priced at IDR 54,500. The People's Coalition for Food Sovereignty (KRKP) suggests that the scarcity is due to limited production and delayed imports. The government is working to increase the availability of rice stocks from Bulog and ensure that remaining imports can meet needs.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

REPUBLIKA.CO.ID, JAKARTA -- The scarcity of premium rice in modern retail is thought to be due to the high price which is above the highest retail price (HET) set by the government, namely IDR 69,900 per five kilograms. The price, which has reached IDR 80,000 for a five kilogram package, has made retailers reluctant to sell premium rice because it refers to HET provisions. Because of this, the Government is appealing to the public to temporarily switch to SPHP rice from Bulog at a price of around IDR 54,500 which can still be entered in modern retail. The scarcity of premium rice is then linked to changes in people's consumption patterns who prefer premium types over medium. However, Said Abdullah's People's Coalition for Food Sovereignty (KRKP) assesses that the scarcity of premium rice is caused by many factors. Not only because demand for premium rice is higher, but because production is limited. "Rice production has been postponed until April-May. On the other hand, not all of ...
Source: Republika
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